Global Net Lease Inc (GNL) Shares Bought by Arizona State Retirement System

Arizona State Retirement System raised its position in shares of Global Net Lease Inc (NYSE:GNL) by 13.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 117,150 shares of the financial services provider’s stock after acquiring an additional 13,710 shares during the period. Arizona State Retirement System’s holdings in Global Net Lease were worth $2,064,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of GNL. New York State Teachers Retirement System increased its holdings in shares of Global Net Lease by 2.4% during the fourth quarter. New York State Teachers Retirement System now owns 51,656 shares of the financial services provider’s stock worth $910,000 after buying an additional 1,190 shares in the last quarter. Quantamental Technologies LLC acquired a new position in shares of Global Net Lease during the fourth quarter worth $31,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Global Net Lease by 14.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,222 shares of the financial services provider’s stock worth $356,000 after buying an additional 2,585 shares in the last quarter. RMR Advisors LLC increased its holdings in shares of Global Net Lease by 28.7% during the fourth quarter. RMR Advisors LLC now owns 112,082 shares of the financial services provider’s stock worth $1,975,000 after buying an additional 25,000 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of Global Net Lease by 6.8% during the fourth quarter. Strs Ohio now owns 126,121 shares of the financial services provider’s stock worth $2,222,000 after buying an additional 8,025 shares in the last quarter. Institutional investors own 60.54% of the company’s stock.

Several research analysts have recently issued reports on GNL shares. ValuEngine upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. B. Riley upped their price target on shares of Global Net Lease from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, November 12th. JMP Securities started coverage on shares of Global Net Lease in a report on Tuesday, December 11th. They set a “market perform” rating for the company. LADENBURG THALM/SH SH started coverage on shares of Global Net Lease in a report on Monday, October 29th. They set a “neutral” rating for the company. Finally, Zacks Investment Research upgraded shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Five research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $24.50.

Shares of NYSE:GNL opened at $19.01 on Thursday. The firm has a market cap of $1.37 billion, a PE ratio of 9.46 and a beta of 0.73. Global Net Lease Inc has a 52-week low of $15.55 and a 52-week high of $22.53. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.12 and a quick ratio of 0.12.

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 8th will be issued a $0.1775 dividend. The ex-dividend date is Thursday, February 7th. This represents a $2.13 dividend on an annualized basis and a yield of 11.20%. Global Net Lease’s payout ratio is 105.97%.

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Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.

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Institutional Ownership by Quarter for Global Net Lease (NYSE:GNL)

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